Solikamsk magnesium works Valuation

Q: What is the Fair Price of MGNZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MGNZ (RUB10440) is trading above our estimate of [[fair value]] (RUB4634.95)

Is MGNZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MGNZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MGNZ (RUB10440) is trading above our estimate of fair value (RUB4634.95)

Significantly Below Fair Value: MGNZ is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MGNZ?

Key metric: As MGNZ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MGNZ. This is calculated by dividing MGNZ's market cap by their current earnings.
What is MGNZ's PE Ratio?
PE Ratio	13.5x
Earnings	₽307.98m
Market Cap	₽4.16b

MGNZ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	8.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does MGNZ's PE Ratio compare to its peers?

The above table shows the PE ratio for MGNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	22.1x
ROLO Rusolovo	79x	n/a	₽20.2b
BRZL Buryatzoloto	5.1x	n/a	₽5.6b
URKZ Urals Stampings Plant PAO	3.3x	n/a	₽5.9b
IGST Izhstal PAO	0.9x	n/a	₽2.3b
MGNZ Solikamsk magnesium works	13.5x	n/a	₽4.2b

Price-To-Earnings vs Peers: MGNZ is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (22.1x).

Price to Earnings Ratio vs Industry

How does MGNZ's PE Ratio compare vs other companies in the European Metals and Mining Industry?

14 Companies	Price / Earnings	Estimated Growth	Market Cap

14 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MGNZ is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the European Metals and Mining industry average (10.3x).

Price to Earnings Ratio vs Fair Ratio

What is MGNZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MGNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MGNZ's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Nizhnekamskneftekhim

₽142.9b

Public Joint Stock Company Nizhnekamskneftekhim produces and sells petrochemicals in Russia.

NKNC

₽79.55

-40.5%

Ashinskiy metallurgical works

₽10.5b

Public Joint Stock Company 'Ashinskiy metallurgical works' operates as a metallurgical company in Russia.

AMEZ

₽21.40

-6.1%

Novolipetsk Steel

US$4.1b

Public Joint Stock Company "Novolipetsk Steel", together with its subsidiaries, manufactures and sells steel products.

NLMK

US$138.00

-34.0%